noun
definition
A person who holds an insurance policy, especially the person whose life is insured
Examples of policyholder in a Sentence
This type of insurance policy allows the policyholder options such as choosing higher death benefits without higher premiums based on the policyholder's cash value rate of return and the economic situation at the time.
Disability coverage from State Farm provides a source of income when a policyholder is temporarily or permanently unable to work.
A policyholder who is involved in an accident will not be hit with higher rates following the incident, even if he or she was at fault.
The customer receives a $100 discount off the cost of his or her collision deductible when the policy is issued and a further $100 is taken off the deductible each year that the policyholder remains accident-free, up to a maximum of $500.
Buyers can choose between a plan that offers relatively low ratesfor a set number of years or one that includes a savings component that can be used by the policyholder in his or her lifetime.
A certain level of coverage is also provided with a standard policy for items like jewelry, but the exact amount depends on where the policyholder lives.
It is used to replace income if the policyholder dies, and Geico recommends that all of its customers have a policy with a value of at least 10 years worth of income.
The medical payments provision, which covers medical bills incurred by the policyholder and the occupants of his or her vehicle following an accident.
Rental Car Reimbursement for when the policyholder's vehicle is being repaired following a claim under the collision or comprehensive portion of the policy.
Pet Injury Coverage pays up to $1,000 when a dog or cat traveling in the policyholder's vehicle is injured or killed in an accident.
A tenant's insurance policy protects the policyholder's belongings.
Return of Premium- Usually set at a higher initial rate, a return of premium policy allows the policyholder to get back his/her money at the term expiration if he/she did not make a withdrawal on the policy.
If the policyholder has higher deductibles.
In addition, products that have a cash value can be cashed in at any time by the policyholder.
Any policyholder can cancel their policy after it has been in effect for 60 days. 21st Century Insurance may cancel after 10 days for non-payment or 45 days for any other reason, such as non-renewal.
If rates for life insurance coverage increase, the policyholder will not be affected until the term expires and a new policy is written unless the original contract specifies that premium costs can change.
The Random House Unabridged Dictionary defines, it as "insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age."
In a recent ad, the design team animated an Esurance policyholder called Paul, who got to meet Erin.
If you're a policyholder or beneficiary, or if you are a provider who services Tricare patients, you may want to consider becoming a registered user.
When a policyholder needs service under the policy, they contact Nationwide by calling a toll-free number (1-800-500-2110).
When the contractor arrives to repair the covered appliance or system, the policyholder pays a trade service fee for the service call.
Once you are a policyholder with Cinergy, you do have the option of switching your coverage to a major medical policy.
A policyholder can call United at 800-585-6586 and ask to receive one in the mail.
There are no coverage benefits provided when the policyholder visits a dentist who is not within the Concordia network.
Medicus takes the position that when an insurance company acts independently without getting the consent of the policyholder, this action indicates a lack of trust on the part of the insurance company.
A portion of the premiums paid by each policyholder go to the ASPCA.
Generally, the policyholder is reimbursed 80 percent of the expenses incurred at any licensed vet in the United States or Canada.
In other words, if you want to have a $0 deductible, and have the insurance company be completely responsible for all claim costs, you will pay more every month than a policyholder who is willing to have a higher deductible.
Insurance representatives are well versed in assisting customers in deciding on the best deductible amount according to the policyholder's individual needs.
Renters insurance is a form of insurance that covers a policyholder's belongings against perils such as fire, theft, wind and vandalism.
For example, instead of opting in to a PPO, which will allow the policyholder to choose a health care provider, some people opt for an HMO policy which costs less but does not allow such flexibility.
This is a special kind of medical insurance that is only for a specific amount of time and usually does not extend past a year or two unless an extension of the policy is requested by the policyholder and approved by the insurance company.
Most of the larger health insurance companies have the capability of creating health insurance policies based on the needs of the policyholder.
If you are a policyholder of RLI Insurance, you can instantly download and print certificates of insurance once your policy is in place.
The danger of getting higher deductibles, however, is that a medical illness or emergency may result in a devastating financial burden as the result of the policyholder's obligation.
This means that the company does not have to balance the policyholder's service needs with the stockholder's need for profits and the return on investment.
A major concern for any policyholder is how claims are handled.
The name of the policyholder needs to be clearly indicated.In a situation where there is a secondary health insurance policy that may provide benefits for the child, this company's information should also be listed on the form.
These claims costs the insurers more money -especially for international travel- and those costs gets passed on to the policyholder.
The third party liability coverage provision provides coverage that pays out if the policyholder's dog is responsible for injuring another person or causing damage to their property.
For some insurance policies, a referral is not required, but the policyholder may be limited by the number of sessions allowed or the practitioner visited.
For example, a policyholder who feels mildly discontent and wants to talk to a therapist will not fall into the same category as one who is incapacitated by chronic anxiety and is unable to work or leave the house.
The disability insurance benefits are paid whether the policyholder has other insurance in place or not.
Unlike benefits payable under a major medical insurance plan which go to the hospital or healthcare provider, Aflac pays out a daily benefit directly to the policyholder.
A cancer or specified illness policy pays out when the policyholder has been diagnosed with one of the disorders specified in the policy language.
Aflac offers a Hospital Confinement Indemnity Plan that pays a benefit when the policyholder is required to stay in a hospital.
The company offers options for basic hospitalization only, as well as options that pay out when the policyholder needs to have outpatient surgery or diagnostic tests.
The hospital confinement coverage doesn't have a deductible, and the policyholder can seek treatment at any hospital of his or her choice.
The company's Hospital Confinement Sick Indemnity Plan pays out when the policyholder is confined to a hospital.
The policy provisions also include a feature where benefits may be paid when the policyholder has fallen ill, had an accident or needs routine medical care.